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theguardian.com
Trump may settle his lawsuit against IRS for $1.7bn fund to compensate allies
In unprecedented self-dealing maneuver, billions of taxpayer dollars could be paid to US president and his alliesThere is growing concern Donald Trump’s massive $10bn lawsuit against the Internal Revenue Service may soon be settled by his own administration – an unprecedented, self-dealing maneuver for a US president, in which billions of taxpayer dollars could be transferred to the president or his allies.Trump may agree to drop his lawsuit in exchange for the launch of a $1.7bn fund to compensate people he says were wrongfully targeted by the Biden administration, according to reports by ABC News and the New York Times. Continue reading...
theguardian.com
Andy Burnham says Labour must put energy and water under public control
Greater Manchester mayor suggests programme of renationalisation would be key policy if he succeeds Keir Starmer as PMAndy Burnham has suggested that a programme of mass renationalisation would be at the centre of his policy platform if he succeeds Keir Starmer as prime minister.The Greater Manchester mayor is seeking a return to Westminster via a byelection in Makerfield. He has been widely expected to challenge Starmer for the Labour leadership if elected and is seen as the favoured candidate of the party’s soft left. Continue reading...
theguardian.com
North America’s largest commuter rail system shuts down as workers strike
Workers at the Long Island Rail Road, serving the eastern New York metropolitan area, walked off the job on SaturdayNorth America’s largest commuter rail system was shut down on Saturday after unionized workers in the New York City area went on strike.The Long Island Rail Road that serves the city’s eastern suburbs ceased operations on early Saturday morning after five unions representing about half its workforce walked off the job. Continue reading...
theguardian.com
What we learned from the cringey courtroom drama between Elon Musk and Sam Altman
Two of the world’s richest people faced an airing of their dirty laundry amid their messy, bitter feud over OpenAIA nine-person jury is set to decide whether Elon Musk’s allegations of “stealing a charity” against Sam Altman and OpenAI are legitimate, with deliberations to begin in earnest on Monday. Whatever its outcome, the case has been an illuminating, at times exhausting, look behind the scenes at the history of OpenAI and how some of the most powerful figures in the tech industry operate.Attorneys for both sides have introduced reams of private text messages, emails and even diary entries to support their arguments. A who’s who of Silicon Valley testified in the trial, including Microsoft CEO Satya Nadella and the mother of some of Musk’s children, Shivon Zilis. Both Altman and Musk also took the stand for hours, facing combative cross-examinations that painted them each as untrustworthy. Continue reading...
cnbc.com
UAE says its decision to leave OPEC was a strategic economic move, not a political one
The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.
cnbc.com
Why J&J thinks its new psoriasis pill could be one of its biggest drugs ever
Investors are counting drugs like Icotyde to accelerate J&J's revenue growth rate.
theguardian.com
Pity the poor AI data centers facing ‘discrimination’ | Arwa Mahdawi
The centers are diverting much-needed resources from regular people. Local resistance has the industry playing defenseBack in 2016, Marco Gutiérrez, the Mexican-born founder of Latinos for Trump, issued an ominous warning to the US. “My culture is a very dominant culture,” he said on MSNBC. “It is imposing and it’s causing problems. If you don’t do something about it, you’re going to have taco trucks on every corner.”A decade later, I regret to inform you there is not a taco truck on every corner. But I am here to issue my own ominous warning about the takeover of America: not by immigrant culture but by AI culture. To echo Gutiérrez: it is imposing and it’s causing problems. And if we don’t do something about it, we’re going to have datacenters on every corner.Arwa Mahdawi is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Pomp, pageantry but precious little to show for Trump’s Beijing excursion
No swift end to the Iran war, uncertainty over Taiwan and only vague outlines of commercial deals … but the US president did get to bask in the company of Xi JinpingIt was historic, to be sure, but not as anyone had predicted. First there was Donald Trump, a self-declared teetotaler, apparently drinking champagne after Xi Jinping assured him that China’s “great rejuvenation” could go hand in hand with “Make America great again”. Then there was a Chinese military band playing a rendition of the US president’s signature campaign song, YMCA.Beneath giant chandeliers, blue and gold balconies and a big orange backdrop with pagoda-style roofs, Thursday’s state banquet in Beijing featured characters whose presence would have been unthinkable here a decade ago: Elon Musk, the eccentric tech billionaire, Pete Hegseth, the Fox News host turned “secretary of war”, and of course Trump himself, a former reality TV star now leading the world’s biggest superpower. Continue reading...
cnbc.com
From train travel to staycations: How holidaymakers are adapting to airlines' jet fuel shortage
"I think people will increasingly decide, let's book Portugal, Spain, Italy... let's avoid the Middle East or going long haul," Ryanair's CEO told CNBC.
cnbc.com
A state banquet, selfies with Musk and Huang's noodle run: The spectacle of Trump's Beijing visit
The visit was full of friendly overtures, orchestrated pageantry, business dealmaking, and headline-grabbing sideshows.
theguardian.com
Mick Jagger and Eric Clapton win battle to stop 29-storey block being built by Thames
Planning inspector backs council’s rejection of development, which was ‘not exemplary, extraordinary, remarkable or distinctive, just tall’Celebrities including Rolling Stones frontman Mick Jagger have defeated plans to build a 29-storey tower on the banks of the River Thames.Jagger, along with fellow rock star Eric Clapton, actor Felicity Kendal and comic Harry Hill, fought the developer Rockwell Property for two years over its plan to erect a 100-metre tower next to Battersea Bridge. If the tower had been built on the south bank of the Thames in south-west London, it would have rivalled the heights of the famous chimneys on Battersea power station. Continue reading...
theguardian.com
‘Research here is world class’: son of Steve Jobs looks to invest in UK cancer care
After death of his father, Reed Jobs is keen for his $1bn venture capital fund Yosemite to make a difference“I saw my dad have cancer when I was a kid, and unfortunately that happens far too often. And that really motivated me to try to transform outcomes for other people out there.”Reed Jobs is talking about the death of his father, the Apple co-founder Steve Jobs, to a rare form of pancreatic cancer in 2011 at the age of 56, the experience that underlines his mission to make cancer a non-lethal, treatable disease. Continue reading...
theguardian.com
Fake lawyers, scientists, chefs and punters: meet the ‘white monkeys’ paid to make Chinese businesses look global
A foreign face is often thought to add prestige to a product or business – what’s behind this unregulated economy?Piers had been in China for all of two days in 2009 when he was used as a “white monkey” for the first time. He had travelled to a village in Suzhou, Jiangsu province, to attend a friend’s wedding and had stopped in the village to try a special crab dish at a small restaurant. Weeks later, a Chinese guest who had been at the wedding told him the restaurant had had an uptick in business because the locals had heard that a laowai, a foreigner, had been seen dining there, so people had assumed this restaurant must be good. Piers realised the boss had deliberately seated him in a way to attract attention: “I knew we were sitting outside in a premium spot, but I didn’t pick up on what was going on.”When foreigners in China are used this way, they are called a baihouzi, a white monkey. They’re hired to help Chinese businesses appear more desirable, the foreigner association conveying prestige and a sense that your product is universally regarded. The industry is unregulated in China, operating in a legal grey area. White monkey positions are advertised on job boards and can fall into different categories, from acting and modelling for Chinese films and products to pretending to be the foreign CEO of a Chinese company to lend it credibility. They might be seat warmers or go-go dancers in Chinese nightclubs to draw in customers, or English teachers in language centres to make Chinese parents feel their children are being taught by legitimate native English speakers (even if a Chinese person is actually a better qualified teacher). These businesses believe that having the “foreign look” will give them an edge over other Chinese companies offering the same service. The phenomenon of recruiting foreigners for this performative purpose can be traced to the concept of mianzi, having “face” in Chinese society, which denotes bestowing and receiving respect for each other. Continue reading...
theguardian.com
Plum position: how Mutti turned tinned tomatoes into a status symbol
Italian brand poised to overtake Napolina in UK sales is touring the country on a mission to win more customersPosh jars of beans, fancy cooking oils and bougie tonic waters have tempted many of us to splash out in the hope of discovering a more exciting taste. Now tinned tomatoes, the basis of so many home-cooked meals, have entered the era of the premium takeover.Mutti, the Italian brand whose tinned tomatoes retail at about £1.60 compared with about 50p for a tin of supermarket own-label, is poised to overtake Napolina, which retails at about £1 a tin, as the UK’s biggest non-supermarket brand of tinned tomatoes, passata and paste. Continue reading...
cnbc.com
Russia's Putin to meet China's Xi in Beijing from May 19-20, Beijing and Moscow say
Putin's trip follows shortly after U.S. President Donald Trump's visit to Beijing.
theguardian.com
‘The Iran war left my insurance policy void’: how the conflict is affecting travellers
A student could lose hundreds after the UK changed travel advice – others face flight cancellations due to fuel shortagesIn February, when Lottie Cornwall booked a summer trip to Lebanon, she was excited at the prospect of introducing her boyfriend to her Lebanese extended family.“My mum’s whole side of the family live there,” she says. “I last saw my grandmother and cousins in 2022. My heritage means everything to me, and this was a chance for my boyfriend to meet my family, and to show him where I come from and why I’m so in love with it.” Continue reading...
cnbc.com
Why Taiwan became the defining issue in the Trump-Xi talks
U.S. President Donald Trump had said arms sales to Taiwan would be on the agenda for his talks with Chinese President Xi Jinping which ended Friday.
theguardian.com
UK drivers struggle to get insurance for Chinese EVs such as Jaecoo
Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research finds‘Temu Range Rover’: what the Jaecoo 7 says about China’s electric car ascendancyUK insurers are more hesitant to cover some hybrid and electric vehicles (EVs) from China than cars from other countries, research suggests.While some drivers can save money by buying cars made in China, they may have more limited options to get insurance than those buying electric, hybrid and petrol cars from Europe, the US and South Korea. Continue reading...
theguardian.com
Record numbers of UK renters crowdfunding to cover bills
Rent donations on GoFundMe up 60% since 2022, with 100,000 donors helping people keep a roof over their headsA record number of people in the UK are turning to crowdfunding to cover rent and household bills, with GoFundMe reporting more rent-related fundraisers were created in April than in any month on record.The platform said donations towards rent support had risen by 60% since 2022, with more than 100,000 people a month contributing to help others meet their housing costs. Continue reading...
theguardian.com
Down and then out in Paris and London? Why Starmer isn’t the only one with a popularity problem
As continent faces tough headwinds, leaders are bearing brunt of delivering bad news to frustrated electorates“People hate you,” the adviser informed his leader. A think-piece in a daily newspaper noted that “almost everyone agrees on one thing: they don’t like him”.The recent disastrous set of local election results in the UK built on Keir Starmer’s longstanding reputational problem: only 11% of Britons believe he has been a good or great prime minister, and nearly 60% believe he has been poor or terrible, according to polling by YouGov. Continue reading...
bbc.com
'They took £20,000 I didn't owe': Parents hit by child maintenance errors
John Hammond is one of 30 parents who told BBC Your Voice they'd experienced problems with the CMS.
bbc.com
Trump and Xi conclude 'very successful' talks but few deals confirmed
There were plenty of choreographed ceremonies but no trade breakthroughs after the two-day visit.
cnbc.com
Cerebras stock falls 10% in first full day of trading after blockbuster debut
Cerebras Systems' shares were lower in early trading Friday, after its blockbuster stock market debut on Thursday.
cnbc.com
Trump went big on tech stocks in first quarter of 2026, new filings show
Trump bought shares of Amazon, Meta, Oracle, Broadcom, Motorola and Dell worth millions, new ethics disclosure filings show.
bbc.com
UK borrowing costs rise and pound falls as leadership drama continues
Analysts say the moves have been fuelled by concerns a Burnham-led government would increase government borrowing.
cnbc.com
Oil prices jump after Trump says he is losing patience with Iran
Oil prices rose Friday on news that China has agreed to purchase oil from America.
cnbc.com
Chinese EVs are coming to Canada, and some dealers can't wait to sell them
Canada is allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%.
theguardian.com
Doe d’oh! Wild deer rescued after escalator escapade in Norwich M&S
Female muntjac given nickname of ‘lucky’ Lucy after being freed from department store’s moving staircase“There’s a deer trapped in an escalator” was not a phrase anyone at Hillside Animal Sanctuary in Norfolk was expecting to hear when staff at a Marks & Spencer department store in central Norwich called last Tuesday.“In Norfolk, deers often get themselves in trouble,” said the sanctuary’s founder, Wendy Valentine. “They get stuck between walls and sheds, and in gates. It’s quite common for deer to get trapped … but ‘trapped in an escalator’ was a first.” Continue reading...
theguardian.com
‘It makes me feel quite dehumanised’: young at London career fair lay bare barriers to jobs
UK capital is perceived as work hub – but as youth unemployment soars, many feel exiled from job marketWestfield White City is the biggest shopping mall in the UK and it is no stranger to crowds of young people parading through its halls. But instead of swarming the retail shops for the latest exclusive fashion drop, the hundreds of people in attendance this weekend are in search of something even more sought after and rarefied: a job.The London job show is the capital’s biggest career event. It is held every year and hosts a range of employers from the Metropolitan police to car valet services. This year, the event is particularly relevant as unemployment levels have soared, with young people bearing the brunt of the crisis. Continue reading...
bbc.com
British Gas pays £20m over prepayment meter force-fitting scandal
The regulator say the energy supplier breached licence conditions aimed at protecting customers in vulnerable situations.
bbc.com
CIA chief visits Cuba as energy crisis worsens
The reported visit to Havana came after the US renewed an offer of aid to ease the effects of its oil blockade.
cnbc.com
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.
theguardian.com
Football club owner accused of taking more than £28,000 from players’ parents
Claims being reviewed by police and FAJamie Austin runs girls’ club Red Star LionessesParents have accused the owner of the girls’ football club Red Star Lionesses of taking more than £28,000 in payments for tournaments that did not happen, kits that did not arrive and sessions with Women’s Super League players that did not take place.James (also known as Jamie or Jay) Austin, who has two fraud convictions, one of which resulted in a two-year jail term, faces allegations made by more than 70 parents involved with the grassroots club. The claims are being reviewed by Greater Manchester police and are part of an investigation by the Football Association, which has issued Austin with an interim suspension while that investigation continues. Continue reading...
theguardian.com
The Guardian view on Trump in Beijing: the US and China are playing the waiting game | Editorial
The president’s meeting with Xi Jinping was superficially cordial, extending a truce borne of necessity“American strength back on the world stage,” crowed the White House social media post: a curious remark, when the attached video showed the stars and stripes fluttering beneath a long row of Chinese flags, and People’s Liberation Army soldiers marching in unison.This week’s visit to Beijing offered the kind of style that Donald Trump enjoys – parading troops, a banquet and a polite if not markedly enthusiastic welcome from a strongman he called “really a friend” – but little apparent substance. The public account of the encounter will be partial: Mr Trump’s former adviser John Bolton has claimed that in previous conversations the US president begged Xi Jinping for help to win re-election and urged him to “go ahead” with internment camps for Uyghurs in Xinjiang. But this meeting appears to have been about stabilising the relationship, not shifting it. Continue reading...
theguardian.com
Questions over Farage’s houses and £5m gift renew scrutiny of finances
Property portfolio in spotlight as Reform UK leader faces official inquiry over money accepted from billionaireA week ago, Nigel Farage was toasting Reform UK’s successes in the May elections, and bragging about his prospects of becoming prime minister.But there is a saying about a week in politics – and it has been a long seven days for the party leader, who is now facing questions over a £5m gift and his extensive property portfolio. Continue reading...
cnbc.com
Bristol Myers Squibb turns to China to develop new drugs in newest cross-continent collaboration
U.S. drugmaker Bristol Myers Squibb inked a partnership with a Chinese company that some say could mark the next wave of collaboration across continents.
cnbc.com
European stocks close lower as inflation fears return; Starmer faces leadership challenge
The pan-European Stoxx 600 index finished Friday's session in negative territory.
cnbc.com
Magnum Ice Cream stock soars after report of potential private equity takeover
It comes just six months after Magnum spun off from Unilever to create the world's largest standalone ice cream maker.
theguardian.com
Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP
This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says reportUK politics live – latest updatesBusiness live – latest updatesThe wealth of Britain’s 157 billionaires is now equivalent to more than a fifth of the country’s entire GDP, according to analysis by the Equality Trust – a fivefold increase since 1990.The charity describes the trend, based on data in this year’s Sunday Times rich list, as Britain’s “ghost GDP”: headline economic growth increasingly disconnected from everyday life. Continue reading...
bbc.com
Beckhams become billionaires as Oasis make rich list for first time
The list is based off the paper's estimates of the minimum wealth of Britain’s 350 richest people or families.
cnbc.com
How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world's two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.
bbc.com
Watch: What was argued at the Musk-Altman trial?
It's the jury's turn to deliberate in the showdown over OpenAI that has pitted two of the biggest names in tech against each other.
bbc.com
Heathrow rival could lead expansion, watchdog says
The aviation watchdog is considering new rules for Heathrow ahead of its possible expansion.
theguardian.com
Key points from the Donald Trump-Xi Jinping summit – video analysis
After a much-hyped US-China summit, the leaders of the world’s two biggest powers made no real breakthroughs on big issues, such as Iran, Taiwan and trade. The Guardian's senior China correspondent, Amy Hawkins, breaks down how Donald Trump and Xi Jinping focused on growing their personal rapport insteadTrump leaves China without breakthroughs on Iran, Taiwan or AI Continue reading...
theguardian.com
What was actually achieved at Trump and Xi’s ‘stalemate summit’ in Beijing?
US president has said he and Chinese leader ‘settled a lot of different problems’ but has given little detail on solutionsDonald Trump’s whirlwind trip to Beijing – the first US presidential visit in nearly a decade – wrapped up with much fanfare but little clarity about what was actually achieved.Trump said on Friday he and Xi Jinping, China’s leader, “settled a lot of different problems that other people wouldn’t have been able to solve”. But he didn’t provide much detail on what those solutions were. Continue reading...
cnbc.com
Why Britain’s potential next PM is putting investors on edge
Traders fear a new left-leaning U.K. government led by Andy Burnham would challenge the country's fiscal discipline.
cnbc.com
The Tech Download: Trump’s China visit sparks fresh questions over chip exports and rare earths access
China President Xi welcomed deeper commercial engagement from the U.S., but uncertainty still hangs over American access to rare earths and chip sales.
bbc.com
X pledges quicker action on hate and terror content in the UK
Ofcom said the commitments were of particular importance after recent crimes targeting Jewish communities in the UK.
theguardian.com
From Team Reeves to Manchesterism: Labour’s four economic camps explained
Wes Streeting or Andy Burnham could launch a leadership bid – here are policies from which they could chooseWes Streeting may not have launched a leadership challenge against Keir Starmer, but he has called for a “battle of ideas” about the government’s future direction.When it comes to economic policy, there are (at least) four overlapping Labour camps, which have recently generated a flurry of policies from which the leadership contenders could choose. Here we run through the main ideas behind each camp. Continue reading...
cnbc.com
Trump says he will soon make a decision about sanctions on Chinese companies buying Iranian oil
U.S. President Donald Trump said Friday that he will make a decision over the next few days about lifting sanctions on Chinese oil companies that buy Iranion oil.
theguardian.com
Childminder numbers are falling in England – how have you been affected?
As more childminders are quitting the profession amid concerns over costs, we’d like to hear why and from parents who’ve been affectedThe number of childminders in England has roughly halved over the past decade, with many citing rising costs, low pay and increasing paperwork as reasons for leaving the profession. Childcare organisations have also warned that upcoming tax changes could push more childminders out of the sector.Campaigners say the decline is making it harder for families to find flexible and affordable childcare, particularly in areas already struggling with shortages. Continue reading...
cnbc.com
Trump-Xi summit: The 3 big takeaways from historic meeting in Beijing
The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.
theguardian.com
Trump asks if Xi brings other presidents to exclusive compound during private tour – video
The Chinese president, Xi Jinping, gave the US president, Donald Trump, a tour of Beijing’s walled-off Zhongnanhai compound in the concluding hours of their summit on Friday. Among the notable ancient trees Xi showed Trump was the 'Lianli Bai', two cypress trees whose trunks have grown together. A hot mic captured the leaders' remarks, in which Trump asked Xi if other foreign leaders were also received in the compound. 'Very rarely,' Xi responded. Continue reading...
theguardian.com
‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge
Tech workers say AI-driven restructurings are eroding mentorship, support and paths to promotion across Silicon ValleyAs tech companies pour billions into artificial intelligence bets and slash their workforces, middle managers are squarely in the crosshairs.A trend is emerging: when tech CEOs announce that AI is making it possible to do more with fewer workers, they promise to flatten their structures by cutting away what they call unnecessary management layers and bureaucracy. Just last week, the cryptocurrency exchange Coinbase laid off 14% of its workforce while gesturing to the thrill of AI-fueled, minimal-management efficiency. In doing so, it joined companies including Amazon, Block and Meta that in the last year have laid off tens of thousands of employees with a specific focus on removing management layers. Continue reading...
theguardian.com
The Federal Reserve’s independence is hanging by a thread in the age of Trump
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his willJerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and achieved the most rare of feats: a “soft landing”, curbing inflation without sparking a recession or damaging employment.Strangely, given the chaotic era of pandemic and tariffs that coincided with Powell’s time as chair, monetary policy may not define his legacy. Powell’s most lasting accomplishment will most likely be his outspoken efforts to defend the independence of the Fed from an assault by the imperial presidency of Donald Trump. Continue reading...
cnbc.com
Bonds, stocks and precious metals slump as inflation fears mount, silver falls 7%
Mounting inflation fears, geopolitical tension and ongoing uncertainty around the Iran war has prompted selling pressure across asset classes.
cnbc.com
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz
The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited
theguardian.com
From phishing to porn star impersonators: how scamming athletes became a billion-dollar industry
Athletes have always been targets for criminals hoping to profit from their wealth. But a new wave of dangers has cropped up in recent yearsWith exorbitant ticket, travel and hotel prices making fans desperate to find an affordable way of attending this summer’s World Cup, it’s no surprise that security firms and law enforcement agencies are warning that fans are at significant risk of becoming fraud victims.While major tournaments are moments of heightened vulnerability for supporters, players themselves are increasingly attractive year-round targets for cybercriminals who can use AI to mount ever more sophisticated attacks. Continue reading...
cnbc.com
CIA chief makes historic trip to Cuba as US blockade chokes island's energy supplies
The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.
cnbc.com
CNBC Daily Open: Trump’s China trip ends, but uncertainty remains
U.S. President Donald Trump wraps his trip to China, while political uncertainty grows in the U.K.
cnbc.com
Trump leaves China after talks dominated by trade, oil and Taiwan
U.S. President Donald Trump traveled to China this week for two days of meetings with Chinese President Xi Jinping, after a year of heightened trade tensions.
bbc.com
India's Adanis agree to pay $18m to settle civil fraud case in the US
The US securities regulator had accused the Adanis of paying bribes and misleading investors, which they denied.
cnbc.com
China to buy U.S. oil to feed its 'insatiable appetite,' Trump tells Fox News
Trump and Chinese President Xi Jinping are scheduled to meet Friday to close out a two-day summit that has featured pageantry and dealmaking.
theguardian.com
Art deco and modernist flats in England and Scotland for sale – in pictures
From a converted art deco hotel in Glasgow to a brutalist apartment in London’s Barbican Continue reading...
cnbc.com
Singapore Airlines sticking with Air India for the "long game" despite losses
Air India has been a big drag on SIA's earnings, but the airline says its investment is part of the "long game"
cnbc.com
Billionaire Gautam Adani and nephew agree to pay $18 million in SEC settlement over fraud allegations
Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to settle a U.S. Securities and Exchange Commission lawsuit over allegations they misled investors.
bbc.com
'Not having a proper funeral left me with painful memories'
Ed Cullen says his mum had an unattended cremation which saved money but was "devastating" for him.
bbc.com
Claim, counter-claim and tech's seedy side exposed: Five things we learned in the Musk-Altman trial
As the jury deliberates, this is what we found out during the weeks-long trial with two tech titans at its heart.
bbc.com
US hotel owners expected a World Cup boom - so far it hasn't happened
An industry body survey found hotels in World Cup host cities see the tournament as a "non-event".
theguardian.com
Jim Chalmers responds to the budget’s critics - podcast
The political editor, Tom McIlroy, and the economics editor, Patrick Commins, speak with Jim Chalmers about the criticisms that his ‘reforming’ and ‘ambitious’ budget, while historic, stands to benefit only a relatively small number of Australians.The treasurer also explains why the budget didn’t include an increase in tax for gas exports, and how this government is putting forward an economic strategy to address the anxieties that lead voters to turn to populism on the rightRead more: Continue reading...
cnbc.com
Honda shares rise over 7% as investors shrug off first operating loss in nearly 70 years
Honda Motor rose over 7% on Friday, even after posting its first annual operating loss in nearly 70 years.
theguardian.com
If Labour didn’t exist, would you invent it? Streeting, Rayner, Burnham – you need to tell us why
The party needs a leader who understands the difficulties facing ordinary people. I am yet to see anyone obviously equal to that challengeIf this were a poker game, Thursday lunchtime was the point when players were finally forced to show their cards. Was Wes Streeting holding all the aces, as his people relentlessly claimed, or a pair of fours and a lot of empty bluster? Did Andy Burnham even have any cards, if he couldn’t name an MP willing to surrender their seat for him? (At the 11th hour, Makerfield MP Josh Simons did the honours). Would Angela Rayner – late to the table, after scraping together £40,000 in accidentally underpaid stamp duty in order to play – scoop the jackpot by default? Or does the house, in the shape of a prime minister stubbornly refusing to budge, ultimately always win?But in the end Streeting simply kicked the table over, scattering poker chips in all directions. His resignation from cabinet, in a blistering statement that noticeably failed to confirm he had the numbers to trigger a formal contest, was a frustrated last attempt to break the stalemate by taking what he called “personalities” – including possibly his own – and “petty factionalism” out of a revolt against Keir Starmer in which both are surgically embedded. Since the outcome is unclear at the time of writing, for now let’s leave aside the issue of whether Starmer even has the authority to do a reshuffle and focus on one question: why does Britain need a Labour party in 2026?Gaby Hinsliff is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
EU carmakers pave way for Chinese rivals as balance in market shifts
Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the marchThe Chinese carmaker Xpeng is on the hunt for a factory in Europe. Volkswagen is aiming to reduce the number of its factories. It seems like it should have been the perfect set-up for a deal.Yet there was one problem with the plant on offer, according to Elvis Cheng, Xpeng’s managing director for north-eastern Europe: “It’s a little bit, I would say, old.” Continue reading...
bbc.com
Why Modi wants Indians to buy less gold and take fewer foreign holidays
Modi has urged Indians to save dollars as war and oil shocks strain the rupee and economy further this year.
bbc.com
Inside the secretive and lucrative world of orchid breeding
It can take a decade to bring a new orchid to market, so breeders keep their hi-tech processes secret.
bbc.com
AI could put people off tech jobs and hurt the economy, warns Raspberry Pi boss
Eben Upton warns against claims that Artificial Intelligence will destroy vast numbers of computing roles over the coming years.
theguardian.com
The gilt market will hover over any Labour leadership contest | Nils Pratley
The Iran war is the bigger story – but the bond market is primed to deliver a kick if extreme positions arise from a formal raceIt is a mistake to think every twitch in the price of UK government debt is caused by the latest instalment in the great Labour leadership meltdown. Waiting for Wes is not the only drama in town for your average bond vigilante. Resolution – or not – to the Iran conflict is still the bigger story.Those vigilantes will not be ignoring events in Westminster, obviously. It’s just that there is not yet much to chew on in terms of what it means for fixed-income investors’ daily diet of expectations for inflation, interest rates, growth, borrowing and so on. Continue reading...
bbc.com
Woman in bank row over depositing £900 HMRC cheque
Annabel Yates says she faces a 94 mile round trip to bank a cheque because of changes at Lloyds.
theguardian.com
Trump delights in his deference to Xi, his strongman fantasy made flesh
Chinese leader appears to be in the driving seat as the unusually polite US president ignores questions on TaiwanWhy does Donald Trump look so at home in China?The US president spent day one of his summit in Beijing basking in rigid pageantry, heroically managing not to offend his hosts and offering the verdict: “China is beautiful.” Continue reading...
bbc.com
Cost of living concerns in St Helier Central
The BBC has heard concerns about poverty and cost of living from St Helier Central voters.
theguardian.com
‘It’s like stealing’: Palestinian family’s seized property listed on Booking.com
West Bank home described as ‘ideal for outdoor gatherings’ is among 41 listed rentals in illegal Israeli settlements Some of Mohammad al-Sbeih’s fondest childhood memories are of his small farm in the hills south of Bethlehem, where three generations of his family grew wheat and barley.“It was a hard plot to farm as it was on a hillside with terraces, but it was so beautiful,” Sbeih remembers. Continue reading...
bbc.com
Honda makes its first annual loss in 70 years
The firm will now pivot away from scrapping its target for all of its vehicles to be electric by 2040.
bbc.com
Faisal Islam: Six things we now know about the UK economy in charts
The UK economy is showing resilience – it’s worth diving into the data in more detail to understand why.
theguardian.com
Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on
The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battleUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Britain’s economy defied the predictions for a slump in March, despite the fallout from the Iran war, why put things at risk with a roll of the dice in domestic politics?Responding to bumper growth of 0.3% in March – much stronger than City economists’ forecasts for a 0.2% contraction – the chancellor said the figures showed she had the right economic plan, in a comment laced with subtext. Continue reading...
theguardian.com
Why do we keep building on land at risk of flooding?
A recent study by Aviva found that one in nine new homes in England are being built on land at risk of flooding – often entirely within planning rules. Josh Toussaint-Strauss investigates how the system allows developers to profit while homeowners bear the costCheck your flood riskSign up for flood warningsMake a flood plan Continue reading...
bbc.com
Major police operation targets drug and knife crime
West Midlands Police brings Operation Fearless to Handsworth.
theguardian.com
War, inflation and Trump’s tariffs have shaken the US. Why does the stock market keep going up?
Wall Street has proved incredibly resilient to instability, and while consumer confidence has dipped, shares have soaredIt was a dark Friday for Wall Street on 27 March. Oil prices were climbing and the war with Iran raged on. Markets responded accordingly, with the Dow and Nasdaq entering correction territory, falling more than 10% below their peak, after a month of selloffs.Fast forward seven weeks later to 13 May, and the situation in Iran only looked marginally better. Oil prices were high, and the strait of Hormuz was still closed. Peace talks with Iran seemed tenuous, even with the pressures of high gas prices. Donald Trump on Wednesday said he was “not even a little bit” motivated by Americans’ financial situation to end the war. Continue reading...
bbc.com
UK economy sees surprise growth in March despite Iran war
The economy grew by 0.3% in the month, official figures show, confounding analysts' forecasts of a small contraction.
bbc.com
Changes to PIP payments
Finance expert Laura Pomfret explains to PIP payments.
cnbc.com
Trump-Xi summit revives China tech rally hopes as U.S. reportedly clears Nvidia H200 sales
Market watchers are betting that the Trump-Xi summit could extend trade truce and lift Chinese equities.
theguardian.com
‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again
As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousBusiness live – latest updatesUK economy records surprise 0.3% growth despite Iran warAnalysis: Reeves says ‘if economy ain’t broke, don’t fix it’A rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential leadership challenge, the spectre of the bond market looms large.Amid febrile conditions in Westminster, the prospect of Britain switching prime ministers for a sixth time in seven years has fuelled a sharp sell-off in the market for UK government debt. Continue reading...
bbc.com
HMRC to use AI from British tech firm to spot fraud and tax return errors
Quantexa, a financial data platform, won the £175m contract to spot fraud and tax return errors.
bbc.com
Australian giant Coles misled shoppers with fake discounts, court rules
The decision, which comes amid similar case against Woolworths, could mean significant penalties.
cnbc.com
Japan's global defense business may be on the cusp of a big breakout
Can Japan be a major player in the international defense sector, like its neighbor South Korea?
bbc.com
Big tech bets on new mascots in bid to seem more cuddly
The likes of Apple, Microsoft and Google are all putting cartoon characters centre stage.
bbc.com
Warning higher Europe air fares 'inevitable' due to Iran war
Flying by air will get more expensive as oil prices remain high, says international industry body boss.
bbc.co.uk
The Food Chain
How batch cooking can save time, money and food waste
bbc.co.uk
Business Daily
As Trump meets Xi how is the relationship between the world's two biggest economies?
bbc.com
Trump's Fed chair pick Kevin Warsh confirmed by US Senate
Kevin Warsh was confirmed by the narrowest margin since the role required a Senate confirmation vote.
bbc.com
WhatsApp launches totally private 'incognito' conversations with its AI chatbot
A cyber security expert says deleting chat history could lead to a lack of accountability if things go wrong.
bbc.com
Ex-rugby star on the joys of his own burger stall
Ex-England and Leicester Tigers hooker Tom Youngs says the new venture brings families to the farm.
bbc.com
Shrinking Milka chocolate bar tricked consumers, says German court
A court in Bremen has found the manufacturer of the classic Alpine Milk chocolate bar guilty of "shrinkflation".
bbc.com
Tui sees summer sales fall 10% due to cautious UK customers
The travel operator says customers are delaying booking holidays over Iran war concerns.
bbc.com
Why are UK prices rising more quickly?
The war in Iran has pushed UK Inflation further above the Bank of England's 2% target.
bbc.com
Elon Musk and Jensen Huang among CEOs joining Trump on China trip
More than a dozen US executives have joined the president on his visit, where he will meet his Chinese counterpart Xi Jinping.
bbc.com
Smart glasses are 'an invasion of privacy' - Meta's are selling better than ever
The biggest tech firms are set to sell millions of smart glasses despite growing privacy concerns.
theguardian.com
Royal Caribbean ‘unfairly’ charged me over booking for disabled son
We had booked a cruise for him and his carers, but we had a string of problems when we tried to change namesIn November 2024, I booked a cruise for my wife, myself and our severely disabled son for this July. I’d booked well in advance to ensure an accessible cabin for my son. At home, he needs round-the-clock care from a rota of eight carers, so we made extra bookings for three to accompany him.Because the care team has other commitments, I couldn’t confirm their names at the time of booking and was told to do so by this April, when the balance had to be paid. Continue reading...
bbc.com
Not so dusty: How tech is changing woodworking
Woodworking shops have been transformed by tech to make tools safer and more precise.
bbc.com
Ovo energy customers urged not to panic as takeover planned
All existing tariffs will be honoured in full under a planned deal that could create one of Britain's largest energy suppliers.
bbc.com
Haggling prices and chasing debts - tradespeople hit with cost of living headache
More than half of tradespeople have seen an increase of late payments compared to a year ago, a survey finds.
bbc.com
Cyber-crime increasingly coming with threats of physical violence
While hackers used to sneak into computer systems, intimidation of staff is now more common.
bbc.com
How sunburn inspired a new way to store energy
Molecules that can capture heat could be a useful technology to decarbonise heating.
bbc.com
How Sir David Attenborough built 'Green Hollywood'
The city is responsible for 80% of the world's natural history TV shows.
bbc.com
Gulf economies face long-term hit from Iran conflict
Commentators say it will take years or even decades to repair the damage.
bbc.com
Robots move in as waste firms struggle to find staff
Humanoid robots are being added to the automation of waste sorting.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Will AI lead to more accurate opinion polls?
It's cheaper and faster to collect people's opinions using AI, but will it make polls more accurate?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
Prepare for turbulence - how a prolonged Middle East conflict could reshape how we fly
The Gulf's hub airports made long-distance travel cheaper - but now their future looks unclear.
bbc.com
Sir John Curtice: Why Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
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